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WorldPosted at: Jan 30 2025 1:49PM


U.S. Fed keeps interest rates unchanged at 4.25-4.5 pc as inflation picks up

Washington, Jan 30 (UNI) The U.S. Federal Reserve left the target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, as recent data showed inflation is picking up.
"The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate," the Federal Open Market Committee (FOMC), the central bank's policy-setting body, said in a statement after a two-day meeting.
"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent," the statement said on Wednesday.
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